Global rapeseed exports increased by 40% in April-May

Published 2024년 7월 11일

Tridge summary

Global exports of rapeseed and canola in April-May of last year saw a 40% increase compared to the same period in 2023, reaching 2.92 million tons. This surge was primarily driven by increased shipments from Canada, Australia, and Ukraine, with China and EU countries being the largest importers. From the start of the 2023/24 FY, the world export of canola and rapeseed is estimated at 15.41 million tons, a decrease from the previous FY. The main buyers in the current season include China, the EU, Japan, and Mexico.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Oil World estimates, global exports of rapeseed and canola in April-May last year increased by 40% to the level of the corresponding period of 2023, amounting to 2.92 million tons. In particular, an increase in shipments in the specified period was noted from Canada - up to 1.39 (1.24) million tons, and Australia - 1.32 (0.85) million tons, and Ukraine - up to 206 (29) thousand tons. The largest volume of oil was imported by China - 1.07 (0.91) million tons, as well as by EU countries - 0.87 (0.23) million tons. In general, from the beginning of the 2023/24 FY, the world export of canola and rapeseed is estimated at 15.41 million tons, compared to 16.57 million tons in July-May 2022/23 FY, of which Canada supplied 5.96 (7.37) million tons to the foreign market tons, Australia – 5.67 (5.35) million tons, ...

Source: Agroconf